TELEFÔNICA BRASIL S.A.
Publicly-held Company
CNPJ MF 02.558.157/0001-62 - NIRE 35.3.001.5881-4
NOTICE TO SHAREHOLDERS
DELIBERATION OF INTEREST ON OWN CAPITAL
Telefônica Brasil S.A. – (“Company”) announces to its shareholders that the Board of Directors,
at its meeting held on August 20, 2015, deliberated, ad referendum of the General
Shareholders’ Meeting, the credit of Interest on Own Capital (“IOC”), related to the fiscal year
of 2015, in accordance with article 28 of the Company’s Bylaws, article 9 of the Law 9,249/95
and CVM´s Instruction nº 683/2012, in the gross amount of R$ 237,000,000.00 (two hundred
and thirty-seven million reais), subject to withholding tax of 15%, resulting in a net amount of
R$ 201,450,000.00 (two hundred and one million, four hundred and fifty thousand reais), based
on the net profit shown in the balance sheet of July 31, 2015. The estimated value per share is
described in the table below:
Amount per share (R$)
Immune or Exempt
Legal Entities (gross
value)
Withholding tax
(15%)
Taxed Legal
Entities and
Individuals (Net
value)
Common shares
0.131620744028
0.019743111605
0.111877632423
Preferred shares (*)
0.144782818431
0.021717422765
0.123065395666
(*) 10% higher than the amount granted to each common share, in accordance with article 7 of
the Company’s Bylaws.
In accordance to the article 28 of the Company’s Bylaws, such Interest on Own Capital will be
charged to the mandatory minimum dividend for the fiscal year of 2015, ad referendum of the
General Shareholders’ Meeting.
The credit of Interest on Own Capital will be made on individual basis for each shareholder, in
accordance to the shareholder registry book position by the end of the day, on August 31, 2015,
including. After this date the shares will be considered as “ex-Interest on Own Capital”. The
payment of these proceeds will be carried out before the end of the fiscal year of 2016, in a
date to be defined by the Company’s Board.
TELEFÔNICA BRASIL S.A.
Publicly-held Company
CNPJ MF 02.558.157/0001-62 - NIRE 35.3.001.5881-4
The Immune or Exempt Legal Entities, according to the current legislation, must provide proof
of such condition until September 08, 2015 to the “Departamento de Ações e Custódia” of
Banco Bradesco S.A., the depositary bank, located at Cidade de Deus, Amarelo Velho Building,
subsoil – Vila Yara – Zip code: 06029-900 – Osasco – SP.
São Paulo, August 20, 2015.
Alberto Manuel Horcajo Aguirre
Investor Relations Officer
Telefônica Brasil – Investor Relations
Tel: +55 11 3430-3687
Email: [email protected]
Information available at: www.telefonica.com.br/ir